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Israel-Iran Conflict Impacting Stock Market; US Indices Continue to Fall

Israel-Iran Conflict Impacting Stock Market; US Indices Continue to Fall

As tensions rise in the Middle East, international oil prices have climbed, with investors closely monitoring the impact on the stock market. Israel's airstrikes on Iran have led to an increase in energy prices. According to CNBC, this geopolitical tension may lead to volatility in the US stock market.

On the 13th, all four major US indices opened lower. Israel conducted an early morning raid on Tehran, killing several commanders of the Iranian Revolutionary Guard and nuclear scientists, prompting retaliation from Iran as both sides exchanged drone strikes, showing no signs of easing.

Additionally, a plane crash involving Air India on the 12th, where a Boeing 787-8 Dreamliner crashed, resulted in only one known survivor among 242 passengers, breaking the record of zero passenger deaths for the Boeing 787, leading to renewed discussions on safety. Upon market opening, the Dow Jones Industrial Average fell 623.53 points, the S&P 500 dropped 59.03 points, Nasdaq Composite declined by 227.39 points, and the Philadelphia Semiconductor Index dropped 103.00 points.

On the other hand, Apple (AAPL) increased by $3.07, while Meta fell by $4.74. Boeing also saw a decline of $8.38.